Moody's rates Bolivia bond Ba3

Moody's Investors Service said it assigned a Ba3 rating to Bolivia's government bond, in the amount of $500 million due Oct. 29, 2022.

The agency said the rating matches the Bolivian government bond rating, which was upgraded to Ba3 from B1 in June, and assigned a stable outlook.

Moody's said the last upgrade to Bolivia's sovereign rating was based on sustained improvement in government debt metrics supported by higher government revenues, robust economic growth over a seven-year period and current account surpluses and rising foreign direct investment which have led to a steady increase in international reserves.

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